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Revised Prompt Corrective Action (PCA) Framework For Banks

Revised Prompt Corrective Action (PCA) Framework For Banks: The RBI has issued a revised Prompt Corrective Action (PCA) framework for banks to enable supervisory intervention at “appropriate time” and also act as a tool for effective market discipline. The revised PCA framework will be effective from January 1, 2022. Capital, asset quality and leverage will […]

Asset Reconstruction Companies (ARCs): RBI

Asset Reconstruction Companies (ARCs):RBI To streamline the functioning of asset reconstruction companies (ARCs), the Reserve Bank panel has come out with a host of suggestions. The RBI had set up a committee headed by Sudarshan Sen to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and […]

Madras High Court on Tamil Nadu Reservation Law

Unconstitutional – A Reservation Law Passed By The Tamil Nadu Legislative Assembly: The Madras High Court has declared as unconstitutional a reservation law passed by the Tamil Nadu legislative Assembly. The law envisaged providing 10.5% internal reservation to Vanniakula Kshatriya community, within the 20% earmarked for Most Backward Classes (MBCs) in education and public employment. […]

Khasi Inheritance Of Property Bill, 2021

Khasi Inheritance Of Property Bill, 2021: The Khasi Hills Autonomous District Council (KHADC) in Meghalaya announced that it would introduce the ‘Khasi Inheritance of Property Bill, 2021. The bill is aimed at “equitable distribution” of parental property among siblings in the Khasi community. If implemented, the proposed Bill would modify an age-old customary practice of […]

Project-15B

Project-15B: The first ship of the four Project-15B state-of-the-art stealth guided missile destroyers i.e. ‘Y 12704 (Visakhapatnam)’, was delivered to the Navy. The ship is constructed using indigenous steel DMR 249A and is amongst the largest destroyers constructed in India. India’s Destroyer Construction Programme: India’s indigenous Destroyer construction programme commenced in the late 1990s with […]

Whistle Blower Portal: IREDA

Whistle Blower Portal: IREDA The Indian Renewable Energy Development Agency (IREDA) has launched a ‘whistle-blower Portal’, as a part of ‘Vigilance Awareness Week 2021’. It is a part of IREDA’s “zero tolerance” of corruption. Through this portal, IREDA employees can raise concerns related to fraud, corruption, abuse of power etc. IREDA is a Mini Ratna […]

Bhasha Sangam Initiative

Bhasha Sangam Initiative: The Ministry of Education launched various initiatives under Ek Bharat Shreshtha Bharat (EBSB) to commemorate Rashtriya Ekta Diwas. The Ek Bharat Shreshtha Bharat was announced by the Prime Minister in 2015 on the occasion of the 140th birth anniversary of Sardar Vallabhbhai Patel. The Rashtriya Ekta Diwas is celebrated to mark the […]